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> What We Do > ODA Policy & Structure

By Income Group

The Korean government is consistently increasing the share of its development assistance to the least developed countries (LDCs) and lower-middle-income countries (LMICs), while reducing its aid to upper-middle-income countries (UMICs). Korea’s policy for 2016-2020 is to maintain the structure of income-based ODA allocation that is similar to the current one, but to focus on providing more ODA in the form of grants to LDCs.

In 2018, LDCs (35.7%), other low-income countries (0.1%), and LMICs (36.7%) received 72.5% of Korea’s ODA. Meanwhile, 9.7% of aid was provided to UMICs following a 1.7% increase from 2017, in line with the government’s efforts to implement its aid allocation policy.

Source: OECD Statistics
ODA Flows by Income Group, 2009-2018 (Net disbursements, USD million)
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Least developed countries 161.02 333.26 346.73 417.00 515.31 542.00 580.13 577.71 587.72 642.30
Other low-income countries 5.82 7.25 10.82 10.91 8.72 8.61 9.27 10.37 12.83 1.29
Lower-middle income countries 222.30 354.81 366.58 472.51 502.40 485.79 529.95 540.05 592.55 660.32
Upper-middle income countries 93.41 111.17 120.93 107.56 101.76 140.09 109.74 135.00 128.68 173.43
Unallocated 100.48 96.22 144.46 175.08 181.28 219.28 239.71 285.34 293.34 318.83
Source: Korea Exim Bank Statistics (2019)
Source: Korea Exim Bank Statistics (2019)